NOT LISTED FOR SALE

11938 Union St Norwalk, CA 90650

Norwalk Area

Estimated Value: $1,180,000 - $1,396,075

5 Beds
4 Baths
3,616 Sq Ft
$357/Sq Ft Est. Value

Sale Details

Date Sold: October 28, 2020

Last sale price $990,000 $274 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $8,228 / mo

96 Days on Market

Highlights

  • Private Yard
  • Circular Driveway
  • 4 Attached Carport Spaces
  • Julia B. Morrison Elementary School Rated 9+
  • Laundry Room
  • 2 Car Garage

About This Home

As of October 2020

THIS IS BY FAR ONE OF THE CLEANEST BUILDINGS I'VE EVER LISTED. 4 UNITS. 3 UNITS ARE 1 BEDROOMS AND 1 UNIT IS A 2 BEDROOM. THERE ARE 4 CAR PORTS AND A LARGE TWO CAR GARAGE WITH A LOFT. EACH TENANT CAN PARK ONE CAR IN THE CARPORT AND ANOTHER CAR RIGHT BEHIND IT. OWNER CAN RENT OUT THE TWO CAR GARAGE FOR EXTRA INCOME. NO ONE IS USING IT CURRENTLY. THERE IS A LAUNDRY ROOM WITH COIN OPERATED WASHER AND DRYER THAT PRODUCES INCOME AS WELL. ALL UNITS HAVE THEIR OWN ELECTRIC POWERED WATER HEATERS. ALL OF THE ONE BEDROOMS UNITS HAVE LONG TERM TENANTS PAYING ALMOST MARKET RENTS. THE TWO BEDROOM HAS NEW TENANTS PAYING MARKET RENT.
UNIT #1 1 BEDROOM RENTS FOR $1175
UNIT #2 1 BEDROOM RENTS FOR $1200
UNIT #3 2 BEDROOM RENTS FOR $1650
UNIT #4 1 BEDROOM RENTS FOR $1150

Last Agent to Sell the Property

Jeff Allensworth

Realty World Allensworth License #01083399 Listed on: 07/15/2020

Last Buyer's Agent

Jeff Allensworth

Realty World Allensworth License #01083399 Listed on: 07/15/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 5,835 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Circular Driveway
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,616 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 5348
  • Assessor Parcel Number 8048018002

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,000
  • Trash Expense $960
  • Water Sewer Expense $1,000
  • New Taxes Expense $13,737
  • Operating Expense $17,657
  • Gross Income $62,100
  • Net Operating Income $59,340

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

5,835 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: NOR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 8048018002
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 273.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Circular Driveway, Concrete, Garage
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5835.00
  • Lot Size Acres: 0.1340

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 872 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Electric Expense: 600.00
  • Gross Income: 62100.00
  • Gross Scheduled Income: 62100.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5835.0000 Square Feet
  • Net Operating Income: 59340.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 2760.00
  • Other Income Description: LAUNDRY PRODUCES INCOME AS WEL
  • Rent Control: No
  • Total Actual Rent: 5175.00
  • Total Expenses: 17657.00

Tax Info

  • New Taxes Expense: 13737.00
  • Tax Census Tract: 5522.00
  • Tax Lot: 1
  • Tax Tract Number: 5348

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Oct 1, 2020
Sold by
Bought by
Seller's Agent
Jeff Allensworth
Realty World Allensworth
Buyer's Agent
Jeff Allensworth
Realty World Allensworth
List Price
$1,099,000
Sold Price
$990,000
Premium/Discount to List
-$109,000
-9.92%
Current Estimated Value
$1,290,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,769
Avg. Annual Appreciation
4.72%
Original Mortgage
$735,000
Outstanding Balance
$651,054
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$639,715

Purchase Details

Closed on
Aug 6, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$990,000 Orange Coast Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $735,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/28/2020 10/28/20 Sold $990,000 -5.6% $274 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
09/24/2020 09/24/20 Price Changed $1,049,000 -4.5% $290 / Sq Ft
09/23/2020 09/23/20 For Sale $1,099,000 0.0% $304 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $1,099,000 -- $304 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,335 $1,071,604 $642,963 $428,641
2024 $13,907 $1,050,593 $630,356 $420,237
2023 $13,428 $1,029,995 $617,997 $411,998
2022 $13,196 $1,009,800 $605,880 $403,920
2021 $12,895 $990,000 $594,000 $396,000
2020 $2,974 $158,981 $31,656 $127,325
2019 $2,955 $155,877 $31,036 $124,841
2018 $2,795 $152,833 $30,428 $122,405
2016 $2,640 $146,324 $29,248 $117,076
2015 $2,612 $144,127 $28,809 $115,318
2014 $2,492 $141,305 $28,245 $113,060
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20139482

California Regional Multiple Listing Service (CRMLS)

APN: 8048-018-002

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